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UPA left the banking system toxic, and Jaitley's moving too slowly to fix it

Jun 23, 2015

UPA left the banking system toxic, and Jaitley's moving too slowly to fix it

The UPA's worst legacy was to leave behind a limping banking system that will be unable to finance growth. Jaitley is moving too slow to fix what's broken. #Economy #Pranab Mukherjee #P. Chidambaram #Kingfisher Airlines #InMyOpinion #Arun Jaitley #Vijay Mallya #PSU banks #bad loans #recapitalisation #Jan Dhan Yojana #Toxic Banks #TARP
Bankruptcy code: Jaitley should speed up, as Rajan is moving faster than him

Jun 09, 2015

Bankruptcy code: Jaitley should speed up, as Rajan is moving faster than him

The finance minister promised a bankruptcy code this year. Arun Jaitley should get this done quickly as the action against loan defaults and corporate failure is moving faster on the RBI side than on the legislative side. #Crony capitalism #RBI #Duvvuri Subbarao #ConnectTheDots #Kingfisher Airlines #Arun Jaitley #Vijay Mallya #Raghuram Rajan #Corporate Debt Restructuring #wilful defaulters #bankruptcy code #Sick Industrial Companies Act #Strategic Debt Restructuring
RBI debt recast norms: Banks will be left holding the bag if no buyers for firms turn up

Jun 09, 2015

RBI debt recast norms: Banks will be left holding the bag if no buyers for firms turn up

Equity conversion may not do much help in actual recovery of money unless banks manage to pull off a quick sale of the distressed assets #NPA #Kingfisher #Defaulters #RBI debt recast norms
Kingfisher default: It's not banks but tax-payers who should feel hopeless as Mallya has last laugh

May 26, 2015

Kingfisher default: It's not banks but tax-payers who should feel hopeless as Mallya has last laugh

More than being an individual case, banks' approach to Kingfisher and its disgraced King should set a strong example for other wily promoters #Kingfisher Airlines #SBI #Vijay Mallya #NPA #public sector banks #wilful defaulter #Unted Bank of India
Kingfisher loan status: BSE seeks clarification from United Bank

May 25, 2015

Kingfisher loan status: BSE seeks clarification from United Bank

The BSE has sought clarification from us with respect to news reports in this regard, the bank said in a regulatory filing. #Business #NewsTracker #SBI #BSE #Vijay Mallya #United Bank of India #corporate #Kingfisher House
HC directs Kingfisher Airlines to pay dues of Rs 52.61 lakh to pilot

Apr 28, 2015

HC directs Kingfisher Airlines to pay dues of Rs 52.61 lakh to pilot

Kingfisher Airlines Ltd has been directed by the Delhi High Court to pay Rs 52.61 lakh to a pilot towards her outstanding salary and other dues from August 2012 to April 2014. #Business #India #NewsTracker #Aviation #Kingfisher #Deccan Airlines
Kingfisher debacle to United Spirits row: Charting out the great fall of Vijay Mallya

Apr 27, 2015

Kingfisher debacle to United Spirits row: Charting out the great fall of Vijay Mallya

Over the last few years, Mallya has been battling the banks which have been going after his assets, for all the debt that is unpaid. To conclude, Mallya has always been too busy living his flamboyant lifestyle and that seems to have caught up with his businesses in the end. #Kingfisher Airlines #Vijay Mallya #UB Group #United Spirits